Surging Samsung Electronics Takes Intel’s Chipmaking Crown

South Korean company becomes largest chipmaker by revenue
Memory chip, smartphone booms leave U.S. company behind

Bloomberg’s Stephen Engle reports on Samsung Electronics’ financial results and stock split.(Source: Bloomberg)

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By Ian King

January 31, 2018 at 1:13 AM UTC

This article is for subscribers only.

Intel Corp. posted record revenue in 2017, but it wasn’t enough.

Samsung Electronics Co. just knocked Intel off its perch as the world’s biggest chipmaker by revenue, a spot the U.S. company has held since 1992. On Tuesday, Samsung reported 2017 chip sales of $69 billion, blowing past Intel’s $63 billion from last year.